It has been my belief for several years that our industry is trending toward the formation of an information utility. I draw this conclusion carefully based on my understanding of how markets develop and commoditize. I consider the beginning of the modern IT era as the early 1970s. You can graph a rising line of performance and a declining one for price — essentially Moore’s Law — and that signals the economic importance of IT. The relentless diffusion of technology throughout the economy in the 1970s is what formed the high-tech era.